Douglas Harmon

Property Group Partners and landlord Romanoff Equities have joined forces to replace a former meat processing facility in New York’s Meatpacking District with a mixed-use complex that would stand as a prominent structure in the neighborhood. Designed by James Carpenter Design Associates architectural firm in cooperation with Gerner Kronick & Valcarcel Architects, the project is set to begin development immediately, with a delivery date tentatively set for 2015.

An increase in construction activity adds to the income and potential growth of each state, noted Markstein Advisors' Bernard Markstein, who prepared the latest Associated Builders and Contractors report.